PRESS RELEASE
By: 24-7 Press Release
November 5, 2024
SSAE 18 Compliance: Does Your Organization Need It
LONG BEACH, CA, November 05, 2024 /24-7PressRelease/ -- Windes, a leading provider of advisory and assurance services, released a comprehensive guide to SSAE 18 business compliance, a set of auditing standards established by the American Institute of Certified Public Accountants (AICPA).
SSAE 18 provides a framework for service organizations to report on their systems and controls for handling sensitive client data. This standardization enhances transparency and trust between service organizations and their clients.
Who Needs SSAE 18 Certification?
SSAE 18 is particularly relevant for service organizations that provide services to other organizations, including those in technology, finance, healthcare, and manufacturing.
SSAE 18 is divided into several Key Sections
Section 100: Overview of the Framework and Its Objectives
Section 200: Criteria for Evaluating Service Organization Controls
Section 300: Procedures for Conducting an SSAE 18 Audit
Section 400: Reporting Requirements for SSAE 18 Engagements
There are three types of SSAE 18 audits:
SOC 1: Focuses on financial reporting controls.
SOC 2: Focuses on security, availability, processing integrity, confidentiality, or privacy controls.
SOC 3: Provides a general-purpose report on a service organization's controls.
Preparing for an SSAE 18 audit requires careful planning and execution. Key steps include:
- Documenting controls
- Assessing controls
- Addressing deficiencies
- Preparing for the audit
Get all the details about understanding SSAE 18 requirements, documenting controls, conducting risk assessments, and preparing for the audit in the complete article on SSAE 18 Compliance.
Windes is a leading provider of accounting, assurance, tax, and business consulting services. With a rich history dating back to 1926, Windes has established itself as a trusted advisor to businesses, nonprofits, and individuals. The firm offers a wide range of services tailored to meet the unique needs of clients, including audit and assurance, tax planning and compliance, business advisory, and risk management. Windes is committed to delivering exceptional service and innovative solutions to help clients achieve their financial goals.
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